Chapter 1: International Business, Globalization, and Culture

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Well boys, final exam i might fail but lets do it.

Business

8 Terms

1

Reasons for Internationalization

Niche products, growth strategy, new markets, competitiveness, company image, personal motives, and diversification.

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2

Globalization

Increasing, economically and culturally significant, driven by technology, cross-border trade, and global competition.

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3

Criticisms of Globalization

Sovereignty issues, environmental concerns, inequality, personal stress.

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4

International Business Operations

Sales expansion, resource acquisition, risk reduction.

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5

Types of International Organizations

Multinational enterprises, collaborative arrangements.

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6

Factors Affecting International Operations

Physical, institutional, competitive.

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7

Internationalization Strategies

Product, operational, and market strategies.

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8

Key Resources for Internationalization

Personnel, production, financing​

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